Maximize Your Savings with the Best CD Rates of June 2023.
TL;DR Summary
The top-paying CD rates remained unchanged on Friday, with the highest rate of 5.65% APY offered for a 9-month term. There are currently 35 CDs paying at least 5.25% APY, the same as yesterday, with 15 more added since June 1. While the Fed paused rates this week, it hinted at more hikes later this year, making now a good time to take advantage of high rates while they're available. CD rates are expected to follow suit with any future Fed announcements, either plateauing or rising further.
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